SBA-504 loans are specifically designed to help small business owners buy, improve or construct a building, or purchase large equipment.
“The SBA-504 loan is a great tool to help small businesses grow, but it’s often left out of the discussion business owners have with their financial advisors,” said
SBA-504 financing appeals to small business owners who are weary of paying rent and want to build equity for themselves. The program allows entrepreneurs to access low-fixed-rate, 20-year financing upwards of
The most significant advantages of SBA-504 loans include:
To qualify for an SBA-504 loan, businesses must be:
The 504 loan program was created to stimulate economic development by helping small businesses expand and create new jobs. Certified development companies like
To further help small businesses expand, the SBA-504 program includes several extra provisions, including those for energy efficiency and veteran-owned businesses. The SBA-504 “Green” Loan provides higher lending amounts for small business owners who want to buy or upgrade commercial/industrial buildings and make them more energy efficient. Buildings over
Military veterans who own small businesses can benefit from the VetLoan Advantage provision which provides a cash rebate up to
The current SBA-504 rate is 4.94%, fixed for 20 years.
Thousands of small businesses in
Small business owners can find out if they qualify for a loan by calling 800.611.5170 or connecting with a local CDC loan expert by clicking here – CDC Loan Experts. They can also use CDC’s Prequalify Today tool, visit www.cdcloans.com or find CDC on Twitter @CDC_Loans and LinkedIn.
Note:Media interested in interviewing local small business owners who have received SBA-504 loans to purchase a building can contact